Sunset Monday, July 24, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • The July European PMIs painted a bleak picture of the economy. They also all missed expectations. The composite indicator ventured deeper into contraction territory (48.9 from 49.9). Manufacturing is still leading the decline (42.7 Read more…
Monday, 24 July 2023 Please click here to read the PDF version Markets • Markets on Friday mostly showed no big swings with investors mainly looking forward to this week’s eco data and central bank decisions. There were no data with market moving potential in the US or EMU. In Read more…
Sunset Thursday, July 20, 2023 Daily Market Overview Dear reader, There will be no KBC Economics-Markets reports on Friday July 21st. We resume our publications on Monday July 24th. *********************************************************************************************************** Click here to read the PDF-version of this report. Markets • Disappointing earnings from tech giants Netflix and Tesla in US after-market Read more…
Thursday, 20 July 2023 Please click here to read the PDF version Dear reader, There will be no KBC Economics-Markets reports on Friday July 21st. We resume our publications on Monday July 24th Markets • UK markets scaled back Bank of England tightening bets after June CPI numbers. After four Read more…
Sunset Wednesday, July 19, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • In the absence of any EMU data with market moving potential, the UK enjoyed the prerogative to set the tone at the start of trading this morning. After four consecutive (mostly substantial) upward Read more…
Wednesday, 19 July 2023 Please click here to read the PDF version Markets • Dutch ECB member Knot either delivered the most targeted or the most unlucky comments of the month. The ECB hawk took stage just as the blackout curtain was about to drop. Targeted if his aim was Read more…
Sunset Tuesday, July 18, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • German Bunds vastly outperform US Treasuries today. Yields in the country drop 6.5-14.8 bps with the front end of the curve particularly in market’s focus. Comments from ECB’s Knot were responsible. The Dutch Read more…
Tuesday, 18 July 2023 Please click here to read the PDF version Markets • Yesterday had little to offer from an economic point of view and that showed in daily trading. Main FI and FX markets traded sideways from the start. US stock markets (up to +0.93% for Nasdaq) parted Read more…
Monday, 17 July 2023 Please click here to read the PDF version Markets • Strong Q1 earnings by several Wall Street giants seemed to run away with all the attention on Friday, but eventually it was the University of Michigan’s July consumer survey which dictated the market pulse. The headline Read more…
Sunset Friday, July 14, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • Market activity shifted into a lower gear today after an impressive bond market rally since end last week fired impressive gains across multiple assets categories. Compared to the (intraday) peak levels end last Read more…